ummer 2020 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completi You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80% of the $3,400,000 purchase price. The monthly payment on this loan will be $17.500 What is the monthly compounded APR on this loan? (Do not round Intermediate calculations. Round the final answer to 2 decimal places) Annual percentage rate 0.64 What is the EAR on this loan? (Do not round Intermediate calculations. Round the final answer to 2 decimal places) Efective annual rate